The Secret of Successful Trading

"Successful traders have a larger edge and better money management than unsuccessful traders. Unlike popular belief however, this study shows that the smaller edge of successful traders is not the cause of their failure. Traders' failures can be explained almost exclusively by their poor money management practices."

"The Secrets of Successful Trading", Fernando Diaz

Monday, March 2, 2009

Support at 1.2560


the EU traded in a range of 1.2615 and .12550 early in the london session, the support of 1.2550/60 area still holds with the formation of hammers in the 1 HR chart. the gap today at 1.2615 is seen as the resistance for the pair to go up.
possible short entry at this resistance level or at the break of the support at 1.2550/60 area.
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